Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving challenges with public infrastructure around governance, identity, compliance, confidentiality, and settlement. POLYX is the native protocol token of They used to stake and secure the network, pay transaction fees, and engage in governance.
Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving the challenges around governance, identity, compliance, confidentiality, and settlement.
Every user has to pass a minimal identity verification check as part of our customer due diligence (CDD) requirement when onboarding.
POLYX is the native token on Polymesh Coin— use it for paying transaction fees and participating in governance. Find out how to get it.
The developer portal is the perfect place to discover the Polymesh universe — we have guides, documentation, and more.
Polymesh’s specificity gives the chain (and the applications built on top) an advantage over general-purpose blockchains.
Contentious forks in the chain present significant legal and tax challenges for tokens that are backed by real assets. They uses an industry-led governance model to prevent hard forks and guide the evolution of the chain.
Securities issuance and transfer requires a known identity, but most chains are built for pseudonymity. Polymesh Coin uses a customer due diligence process to ensure all actors on the chain are verified and all transactions are authored by permissioned entities.
Solutions built on top of general purpose blockchains struggle with processing the complex logic needed to comply with regulations.
Most market participants need their position and trades to remain confidential, but anyone can see holdings on general-purpose blockchains. Polymesh has engineered a secure asset management protocol that enables confidential asset issuance and transfers.
Settlement challenges prevent the blockchain from serving as a golden record for asset ownership. By creating assets at the protocol layer, Polymesh Coin is able to provide a simplified approach to transfers that provides instant settlement without prefunding, prevents unwanted airdrops through trade affirmation, and can offer deterministic finality.
Purpose–built for security tokens
Regulated markets require identity, compliance, confidentiality, and deterministic finality. Yet most existing blockchains were built for pseudonymity, censorship resistance, and transparency, and rely on probabilistic settlement. It was built to incorporate governance, identity, compliance, confidentiality, and deterministic finality into the chain’s core.
The first public, permissioned blockchain for securities
Polymesh Coin is a public, permissioned blockchain that requires all participants– whether issuers, investors, node operators or stakers– to first become verified with a customer due diligence provider.
Node operators must be licensed financial entities
On Polymesh, anyone can run a regular node or check the upholding of network rules and public state secured by the blockchain. However, not everyone can run nodes that author new blocks or vote on block finality– only specific entities, called node operators, can.
Beyond the ERC-1400 security token standard
It was inspired by ERC-1400 but layers in additional capabilities around governance, identity, compliance, and confidentiality. Take a look at the chart below to see how the compares to existing security token standards:
POLYX is the native protocol token for Polymesh and the blockchain’s fuel. It enables the creation and management of security tokens, drives POLYX holder participation through governance, and secures the chain through staking. POLYX is classified as a utility token under Swiss laws, based on guidance from the Swiss financial regulator FINMA.
Polymesh Coin uses a nominated proof-of-stake consensus mechanism where economic incentives drive node operators and stakers to work together to guide the evolution of the chain.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.